2018.05.1501:50:00UTC+00Dollar Climbs, Buoyed by Rise in U.S. Bond Yields

The dollar climbed against a basket of currencies on Tuesday from its lowest level in more than a week as hopes for an easing of global trade tensions pushed U.S. bond yields higher.

The dollar's index versus a basket of six major peers gained almost 0.1 percent to 92.647, pulling up from 92.243 on Monday, which was its lowest level since May 2.

The greenback, which notched a four-month index peak of 93.416 last week, has lost steam after weak April U.S. consumer price data raised doubts as to whether the U.S. Federal Reserve would hike interest rates as many as four times in 2018.

The euro climbed 0.1 percent to $1.1932, but remained below Monday's high of $1.1996, which was the common currency's highest level since May 3.

The single currency had briefly strengthened on Monday after European Central Bank policymaker Francois Villeroy de Galhau said that the ECB could give fresh guidance on the timing of its first rate hike as the end of its exceptional bond purchases approaches.

Against the yen, the dollar climbed 0.1 percent to 109.72.

Major currencies showed limited reaction to the latest batch of Chinese economic data, which overall showed signs of a further slowing in economic momentum.

Investors are focused this week on speeches by Fed officials, as well as economic indicators such as U.S. retail sales data due later on Tuesday.